BRRRR & Refinance Calculator

Buy, Rehab, Rent, Refinance, Repeat — the honest version. Model how much capital you actually pull out, and whether the deal still cash-flows after the refi debt.

BRRRR risk warning: This strategy works when the ARV appraisal comes in at or above your estimate and the lender's LTV holds. If the ARV is 10–15% lower, or the lender caps LTV tighter, you leave far more capital trapped than the model shows. The defaults here are realistic, not optimistic — run the downside scenario by lowering your ARV before you commit.

Purchase & Rehab

Initial Financing

Use 0% if paying all cash; otherwise model hard money or a purchase loan.

Loan interest is a component of the holding costs above. Cash invested = price × (1 − loan%) + purchase closing + rehab + holding costs.

After Repair Value (ARV)

Refinance

Rental Income & Operating Costs

Post-refi cash flow — validates whether the deal survives the new debt load.

BRRRR Deal Summary

Cash left in the deal (lower = better BRRRR)
Monthly cash flow (post-refi)
Cash-on-cash return (on cash left)

Capital Stack

Total all-in cost (price + closing + rehab + holding)
Your cash invested (all-in minus purchase loan)
Purchase loan amount

Refinance

New loan amount (ARV × LTV)
Refi closing costs
Cash pulled out at refi (new loan − purchase loan payoff − refi closing)
Equity captured (ARV − new loan)
New monthly mortgage (P&I)

Post-Refi Rental Detail

Gross rent (annual)
Effective gross income (after vacancy)
Operating expenses /yr, before capex & debt
NOI (before capex & debt)
Capex reserve /yr
Annual cash flow (post-refi)

NOI excludes capex and mortgage (standard). Cash flow subtracts both because they leave your pocket every month. Management, maintenance, and capex are % of gross scheduled rent.